JOHNSON KRISTINA M 4
Research Summary
AI-generated summary
Minerals Technologies (MTX) Director Kristina Johnson Receives Award
What Happened
- Kristina M. Johnson, a director of Minerals Technologies Inc. (MTX), received a grant of 7.256 phantom stock units on March 6, 2026. The grant is recorded at $0.00 per unit (derivative award) — the units are not actual shares but track the economic value of MTX common stock and will be settled in cash.
- This is an award/compensation transaction (code A), a routine non-employee director grant rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-06; Filing date (Form 4): 2026-03-10 (appears timely).
- Units granted: 7.256 phantom stock units; price recorded: $0.00; immediate transaction value: $0.
- Ownership after transaction: Not specified in the provided filing.
- Footnotes: F1 — each phantom stock unit equals the economic equivalent of one share of MTX common stock. F2 — units were accrued under the Non‑Funded Deferred Compensation and Unit Award Plan for Non‑Employee Directors and will be settled in cash upon the director’s termination of service.
- Transaction type: Derivative award (not a share purchase or sale).
Context
- Phantom stock units are a form of deferred, cash‑settled compensation for directors. They track the value of common shares but do not transfer actual shares or create immediate voting power.
- Such director awards are common and reflect compensation practices rather than a direct buy/sell signal about the insider’s view of MTX stock.